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06-07-2015, 10:22 AM
#31
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Just to clarify some of the posts. If your car has positive equity at the end of the lease, or anytime for that matter, you can shop the car as a trade in. You do not have to buy it. The dealer effectively buys it from the leasing company. That way you don't have to pay taxes if you buy it. One Caveat. There are different laws determining whether or not when you do this if you only pay taxes on the difference on the new car you are trading it for. Also, if it has positive equity your leasing company is not going to give it to you any more than they are going to charge you if it has negative equity.
06-07-2015, 10:52 AM
#32
AudiWorld Super User
06-07-2015, 11:49 AM
#33
AudiWorld Super User
As I wrote a couple of times, expecting cash equity towards another Audi or a buy out at lease end (or before) it is not a foregone conclusion. There are too many variables to count on for receiving any equity years from now. Mileage, changing market conditions, locale, model desirability, accidents and condition to name just a few. It's a gamble at best. The only thing you can be absolutely sure of at lease signing is you can walk away from the car at lease end (assuming it's in decent shape and you pay for any excess mileage).
06-28-2015, 07:09 AM
#35
AudiWorld Member
I won't complain about that though as it allowed me to get my 50K mile S8 at a price less than a Honda Accord when it was $110K new
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